Exhibit 99.1

 

LOGO   Williams (NYSE: WMB)       LOGO
  One Williams Center      
  Tulsa, OK 74172      
  800-Williams      
 

www.williams.com    

 

 

DATE: Feb. 19, 2014

 

MEDIA CONTACT:    INVESTOR CONTACTS:      
Tom Droege    John Porter    Sharna Reingold   
(918) 573-4034    (918) 573-0797    (918) 573-2078   

Williams Reports Year-End 2013 Financial Results

 

   

2013 Net Income is $430 Million, $0.62 per Share; Results Impacted by Lower NGL Margins, Extended Outage at Olefins Plant

 

   

Adjusted Net Income $559 Million or $0.81 per Share

 

   

Williams Partners’ Fee-based Revenue Up $209 Million or 8% vs. 2012

 

   

Continue to Expect More Than 50% Growth in Adjusted Segment Profit + DD&A for 2013 vs. 2015 Guidance Period

 

   

Geismar Startup Delayed Until June; Expect BI Insurance to Substantially Offset Financial Impact

 

   

Williams Partners’ Transco Contracts and Adds Large-Scale Atlantic Sunrise Project to Guidance

 

   

Proposed Bluegrass Project Timing Revised to Better Match Producer Needs

 

   

Reaffirming Cash-Dividend Growth of 20% in each of 2014 and 2015

 

Year-End Summary Financial Information    2013     2012  
Per share amounts are reported on a diluted basis. All amounts are attributable to The Williams Companies, Inc.    millions     per share     millions     per share  
(Unaudited)                         
 

Income from continuing operations

   $ 441      $ 0.64      $ 723      $ 1.15   

Income (loss) from discontinued operations

     (11     (0.02     136        0.22   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income

   $ 430      $ 0.62      $ 859      $ 1.37   
  

 

 

   

 

 

   

 

 

   

 

 

 
 

Adjusted income from continuing operations*

   $ 559      $ 0.81      $ 695      $ 1.11   
  

 

 

   

 

 

   

 

 

   

 

 

 
 
Quarterly Summary Financial Information    4Q 2013     4Q 2012  
     millions     per share     millions     per share  
 

Income (loss) from continuing operations

   ($ 13   ($ 0.02   $ 151      $ 0.23   

Income (loss) from discontinued operations

     (1     —          (2     —     
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income (loss)

   ($ 14   ($ 0.02   $ 149      $ 0.23   
  

 

 

   

 

 

   

 

 

   

 

 

 
 

Adjusted income from continuing operations*

   $ 148      $ 0.22      $ 160      $ 0.25   
  

 

 

   

 

 

   

 

 

   

 

 

 

 

* A schedule reconciling income from continuing operations to adjusted income from continuing operations (non-GAAP measures) is available at www.williams.com and as an attachment to this news release.


The following information was filed by Williams Companies Inc (WMB) on Wednesday, February 19, 2014 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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